Saturday, April 08, 2017

Krispy Kreme Merges With Panera Bread!

Panera Bread merges with the companies that own Krispy Kreme.

We are experience a retail bubble that is about to crash in the coming year.

With Donald J. Trump and Mike Pence, who knows how low they'll go before they realize that the problems gotten worse under their leadership. With Republicans determined to destroy the safety net, the healthcare law, and the continuous rollback of regulations that affect the working class, the canard of "limited government" could become a tepid reminder that "corporation are people" and they bleed too.

The retail industry is suffering. Another major move in the business includes the merger of Panera Bread with Krispy Kreme Doughnuts and Coffee.

The company JAB Holdings which owns struggling Caribou Coffee and Krispy Kreme Doughnuts said in a presser that it would by Panera Bread Company for $7.2 billion as it expands into territories that are dominated by Dunkin Donuts and Tim Horton's.

The company operates out of St. Louis and is offering usually healthy food as well as soup bowls and vegetable entries.

The company was founded by Ron Shaich and the decision to sell to a German investment firm is "bittersweet" for him. He founded the company in 1981 and from then it became a juggernaut in the fast-casual restaurant business. It operates 2,000 stores in the United States and Canada.

The JAB Holdings own Keurig Green Mountain, Peet's Coffee & Tea and other entities.

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